Polyester Fiber Market to exceed $165bn by 2024: Global Market Insights, Inc.

Ocean View, Delaware, Oct. 11, 2017 (GLOBE NEWSWIRE) —

Polyester Fiber Market share will likely cross USD 165 billion by 2024; according to a new research report by Global Market Insights, Inc. Polyester is said to have superior quality, firm strength, and with wrinkle-free, tear-resistant, and reduced shrinking properties. These properties help the fiber in maintaining strength once woven in certain cloth. Using of such superior quality material in the apparels, home textiles, furnishing, carpets, and other such products enhances its quality and looks. Apart from these, the product is also used for insulating and cushioning purposes along with tire reinforcements which further augments the polyester fiber market. With high stain resistance, fabric made from the product is used in making higher quality apparels and clothing series. Extensive use of the product in apparels, home furnishing & decor, mattresses, and other textiles will catalyze the polyester fiber market in the future years.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/2120

Some of the substitutes for the product are nylon, cotton, wool, and others. Polyester fiber offers superior properties and is cost-effective than the substitute products making it one of the preferred materials for the textile manufacturers. Increasing use of this cost efficient and superior quality product in fabrics used for industrial purposes will further drive the polyester fiber market in the upcoming years.

The product is synthetically made from petroleum and used extensively in preparing industrial fabrics, apparels, textile products, and rugs & carpets. Raw materials essential for the production of these fibers are downstream derivative products of crude oil. Volatility in the petroleum prices in the current global scenario, leading to fluctuating raw material prices, may act as restraints for the polyester fiber market in the forecast period.

Browse key industry insights spread across 130 pages with 195 market data tables & 12 figures & charts from the report, “Polyester Fiber Market Size By Grade (PET, PCDT), By Product (Solid, Hollow), By Application (Carpets & Rugs, Non-Woven Fabrics, Fiberfill, Apparels, Home Textiles), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/polyester-fiber-market

PCDT is appropriate for stronger and heavier applications, for instance, industrial textiles, draperies, and furniture coverings. Rising building & construction activities especially in the BRICS nations will influence the furniture industry in the future years. Growing furniture demand in these regions will further augment the polyester fiber market demand in the forecast period.

Polyester fiber market is classified on the basis of products as hollow and solid. The hollow fiber acts as a filler to the clothing and other materials. The segment will witness growth with a substantial CAGR of around 7.5% in the forecast timespan. Solid segment holds a prominent share in global polyester fiber market and will spur to capture a over three-quarters of the industry share in coming years.

The product finds extensive application in curtains, carpets, furniture covers, cushioning, mattresses, and other home textiles. Branded apparels are manufactured using fabric made from polyester fiber to enhance its properties and get wrinkle free and stain resistant garments. The segment holds a prominent share of the polyester fiber market and will exhibit growth with a lucrative rate owing to its increasing demand in the apparels and fabrics.

Asia Pacific, in terms of revenue is a major segment and holds in excess of 65% of the global polyester fiber market share and is poised to increase in the upcoming years. North America and Europe will see growth at a sluggish rate owing to the increasing trends of using organic fabrics for apparels as well as home textiles.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/2120

Key industry players operating in the polyester fiber market are Indorama Ventures, Reliance Industries, Toray Industries, Märkische Faser GmbH, Sarla Performance Fibers, Stein Fibers, William Barnet & Son, Kayavlon Impex, GreenFiber International, Silon, Nirmal Fibres, Polyfibre Industries, Swicofil, Diyou Fibre, and Shree Renga Polymers to name a few.

Browse Related Reports:

  • Geotextile Market Forecast, 2017 – 2024

Geotextile Market size was over USD 4.5 billion in 2016 and industry expects volume consumption to exceed 10 billion sq. meters by 2024. Positive application outlook in construction, agriculture, erosion control, and drainage should drive geotextile market size. Shift in consumer preference regarding usage of biodegradable material consumption should fuel product demand.          

https://www.gminsights.com/industry-analysis/geotextile-market

  • Advanced Polymer Composites Market Forecast, 2016 – 2024

Advanced Polymer Composites Market size exceeded USD 8 billion in 2015, with estimated gains of more than 7% over the forecast timeframe. Global advanced polymer composites market size is primarily driven by increasing product demand from the aerospace industry. Superior mechanical properties such as stiffness, strength, abrasion resistance and excellent fatigue, of the product make it suitable to find applications in the aerospace industry.

https://www.gminsights.com/industry-analysis/advanced-polymer-composites-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://www.gminsights.com/blogs
Connect with us: Facebook | Google+ | LinkedIn | Twitter